The Lubrizol Corp. has acquired Laboratoire Phenobio, a French supplier of naturally-derived extracts and botanical active ingredients. The deal will enable Lubrizol to provide clean, natural ingredients across the cosmetic, nutraceutical and life sciences industries. Lubrizol's global sustainability efforts will benefit greatly from Laboratoire Phenobio's unique capabilities and technologies.
"With this acquisition, Lubrizol customers will have access to novel botanical extracts compliant with ECOCERT® and COSMOS standards that meet the naturality and sustainability expectations end users are requiring on a global basis," Lubrizol Vice President Deb Langer said in a statement. "Additionally, our preferred partners will have access to final formulations using this exciting new technology."